This area does not yet contain any content.
This area does not yet contain any content.


Search Amazon Here

News Links
« President Signs Deal to End Shutdown | Main | Clemson Bulls Could Improve S.C. Beef Industry »

S.C. Electric Co-Ops Want State to Sell Santee Cooper

COLUMBIA, S.C. (AP) - Following a failed nuclear reactor construction project, South Carolina's electric cooperatives want lawmakers to consider selling the state-owned utility Santee Cooper.

Media reported the Electric Cooperatives of South Carolina told lawmakers Thursday they should test the market to determine if customers would save money if Santee Cooper was sold.

The proposal comes after Santee Cooper and South Carolina Electric & Gas Company spent $9 billion before abandoning the nuclear project last summer. The utilities blamed the bankruptcy of contractor Westinghouse.

Co-op executive Mike Couick told lawmakers whether or not Santee Cooper is sold, it needs changing.

The co-ops get most of their electricity from Santee Cooper and have seen rates increase since the nuclear project began.

Couick says lawmakers should set rules for how such a sale would work.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>